While your D7 Visa application can be approved in as little as 3 weeks, your SEF appointment in Portugal will likely be set for up to 6 months into the future from the time of approval. Therefore, it is advisable to assume that the entire process will take around 6 months to complete.
How long does it take to obtain a Golden Visa?Andre Bothma2021-04-17T16:10:42+00:00
Given that you still need to identify and purchase a suitable property or invest in a suitable investment fund, the Portuguese Golden Visa application process generally takes significantly longer than the D7 application process.
While the process took around 9 months before Covid-19, many applications are now taking around 12 months or more to complete.
How much money do you need to immigrate to Portugal?Andre Bothma2021-04-17T15:55:30+00:00
The Portuguese Golden Visa Program does not have a minimum net worth requirement, however in order to gain Portuguese residency through this program, you’ll have to invest a minimum of €280,000 in Portuguese property (and most likely the minimum eligible investment for a freehold property will be priced at €350,000+).
You also have the option of investing €350,000 in a Portuguese investment fund until the end of 2021 (€500,000 from 2022 onwards).
Under the D7 Visa Program, on the other hand, your stable recurring income levels will be a key consideration. As of 2021, Portugal’s minimum wage is €665 per month (€7,980 per year). If you have a stable recurring (and ideally passively sourced) income of €665 or more, you may be eligible to apply for a Portuguese D7 Residency Visa.
While not every Portuguese embassy will accept savings as the basis for a D7 Residency Visa application, there are many who will consider a combination of savings and recurring income, or even just savings. The D7 residency permit is issued for a period of 2 years (24 months), hence you’ll have to have savings in excess of €15,960 (€665 x 24 months) in order to apply – and ideally substantially more.
Note: Bear in mind that the Portuguese immigration authorities enjoy a substantial margin of discretion when it comes to appraising D7 Visa applications. Therefore, treat the above income requirements as the absolute minimum; the more income or savings you can prove above the minimums indicated above, the more likely it is that your residency application will be successful.
Can I get residency in Portugal if I buy a house?Andre Bothma2021-04-17T15:52:50+00:00
The answer is yes, but not just any house. While the Portuguese Golden Visa Program does have a €280,000 investment option, investments at this price point are typically share-scheme investments, rather than freehold properties, in low-income, low-density areas outside of cities such as Porto and Lisbon.
If you’re looking to obtain Portuguese residency by means of buying a property you can live in, you should generally expect to invest no less than €350,000 – and that’s before you’ve paid any professional service, government processing, taxes and property transfer fees.
Is it easy to get residency in Portugal?Andre Bothma2021-04-17T15:47:52+00:00
Immigrating to another country is typically an administration intensive process – and especially if you’re buying a property in Portugal in the process.
The D7 Visa Program is generally considered to be one of the fastest, most affordable ways of gaining Portuguese residency, however it does require you to stay in-country for longer than 6 months per year in order to maintain your legal residency status over time.
Alternatively, you can visit the country twice a year for a minimum of 2 months per visit, provided that you are not outside of country for longer than 6 consecutive months at a time.
How can I become a resident of Portugal?Andre Bothma2021-04-17T16:15:28+00:00
There are various ways of getting residency in Portugal. In addition to applying for Portuguese residency by ancestry (also known as residency by descent), as the non-EU spouse of a Portuguese citizen, or on the basis of gaining Portuguese employment, you can also apply for residency via the Portuguese Golden Visa and D7 Passive Income Visa programs.
What is the difference between a Portugal residency visa and their residency permit?Andre Bothma2021-04-17T15:44:41+00:00
Firstly, a distinction must be drawn between Portuguese long-stay visas and residency visas. Long-stay visas include study visas, internship visas, work visas, spousal visas and medical treatment visas, among others.
Residency visas, on the other hand, are a kind of “entry stamp” visa that allow the holder to apply for a residency permit. Portuguese residency visas are valid for a period of 4 months and 2 entries, allowing the holder to enter Portugal and apply for a residency permit.
Non-EU applicants applying for residency permits under both the D7 Visa and Golden Visa programs receive residency permits.
Can Britons still live in the EU after Brexit?Andre Bothma2021-05-10T12:22:03+00:00
Yes, they can. Having now left the EU, UK nationals are eligible to apply for a range of EU residency visas, including the D7 Passive Income Visa and the Portuguese Golden Visa, as well as the Spanish Non Lucrative Visa and the Italian Elective Residency Visa – provided that they can meet the financial self-sufficiency criteria of these programs. Find out more on the rest of this site…
Looking for the simplest path to Portuguese residency as a UK citizen post-Brexit? The D7 Visa is increasingly in demand among Britons looking to settle or maintain freedom of movement within the EU in 2021.
While the program does require you to settle in Portugal for at least 4, and typically 6 months per year, a key advantage of the program there are no minimum property investment requirements as is the case with the Portuguese Golden Visa. You will however be required to submit proof of having an address in Portugal.
In addition, you’ll have to have either significant savings or a stable passive income stream of at least EUR635+ per month as a single applicant, and around EUR950+ per month if you’re applying as a married couple.
Find out more about this Portuguese passive income visa here, or contact us now or more information.